Shaw and Partners raids Wilsons private wealth team News18 Nov 2020

Shaw and Partners is going to need a few more desks in its Sydney office.

 

Street Talk understands the stockbroking and advisory firm has raided Wilsons' private wealth arm, snaring five advisers and three support staff in one fell swoop.

 

It is understood wealth advisers Brendan Gleeson, Peter Simpson, Stephen Thomas, Andrew Wawn and Basil Bryne-Smith have all jumped ship to Shaws, as well as support staffers Michelle Muller, Luke King and Barton Lynch.

 

The team, on average, have been at Wilsons for ten years and it is understood were generating about $7 million annual revenue between them for the Brad Gale-helmed firm.

 

They will join Shaws' rapidly-expanding private wealth team, which has grown in the past five years to now manage $20 billion in assets, from $5 billion. It is understood the eight incoming operatives will all be based out of Shaws' Sydney office.

 

“Whenever you get top quality practitioners such as this group join your firm it really is a privilege and something we never take for granted," Shaws co-ceo Earl Evans told this column.

 

"We are thrilled to have them join Shaw and Partners.”

 

The new hires come two months since ex-Ord Minnett operatives Candice Bourke and Felicity Thomas joined Shaws as senior private wealth advisers.

 

Article source: AFR, 18 November 2020

Related Articles
News16 Nov 2020 Shaw and Partners appointed as Joint Lead Manager to the NAB Capital Notes 5 offer
National Australia Bank Limited (NAB) today announced its intention to raise $750 million through the offer of NAB Capital Notes 5 (NCN5), with the ability to raise more or less. N... Read More
News16 Nov 2020 Liberty Financial fronts funds for $1.8b float. Shaw and Partners appointed Co-Manager to the raising.
Look what the cat dragged in!   After more than 15 years in the initial public offering pipeline - and with the market trading at 20-times forward profit and float window wide op... Read More
News13 Nov 2020 Shaw and Partners extends its sponsorship of Women's National Basketball League Adelaide Lightning
Shaw and Partners is delighted to have extended its sponsorship of Women's National Basketball League (WNBL) team Adelaide Lightning for an additional three years.  The sponsorship... Read More
News05 Nov 2020 Shaw and Partners appointed as Joint Lead Manager to the Westpac Capital Notes 7 Offer
Shaw and Partners is pleased to be appointed as Joint Lead Manager to the Westpac Capital Notes 7 Offer   Today Westpac Banking Corporation has announced an offer of fully paid, ... Read More
A - Z  % Change  
{{data.Symbol}} {{data.CompanyName}} {{data.Close}} {{data.AsAt | date :'shortTime'}} {{data.Movement | number : 2}} {{data.MovementPercent | number: 2}}%